Honoring Our Heroes; Veterans Day 2024
Veterans Day, observed annually on November 11, is a significant federal holiday in the United States that honors military veterans. Originally recognized as “Armistice Day” to commemorate the end of World War I in 1919, it became a federal holiday in 1938 and was later renamed Veterans Day in 1954. This year, the holiday falls on a Monday, November 11, 2024.
As a federal holiday, many government agencies, institutions, and private sector companies recognize the day with closures. Most banks, including Bank of America, Chase, Citibank, and Wells Fargo, will be closed, though ATMs and online banking services will continue to be available with possible limitations. Similarly, the U.S. Postal Service will not deliver mail.
While the stock market remains open on Veterans Day, the bond market will be closed, leading to quieter trading conditions. In recognition of the holiday, Canadian markets will also observe a partial holiday with closed bond markets but open equity trading.
In observance of Veterans Day, numerous communities hold special events such as parades and ceremonies. A notable tradition includes a ceremony at Arlington National Cemetery featuring a wreath placement at the Tomb of the Unknown Soldier. Many businesses and restaurants offer discounts or free meals to veterans and active-duty military personnel as a gesture of appreciation.
It’s crucial to note that Veterans Day differs from Memorial Day, which specifically honors military personnel who have died in service. Veterans Day recognizes and thanks all U.S. military veterans for their service, courage, and sacrifices. While some small businesses may close to honor the day, most major retailers and restaurants, such as Walmart, Target, and Costco, will continue regular operations.
In other regions, such as Ernakulam district in India, schools will remain closed on November 11 to mark the end of the State School Sports Festival, highlighting the global significance of holidays observed at this time of the year.
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